Financing, discount, or both from an AD for PM Daytona

[Saturninus]

I've been circling a PM Daytona like a shark for several months, and I'm getting close to pouncing. Last time I visited an AD, he mentioned some great financing offer.

I do not need the financing, but it would be a nice-to-have. (Joint bank account, optics, "u spent how much on what???" factor from the SO, etc.")

I'm thinking a 20-25% discount off list is a reasonable target to shoot for, ya? I expect that the AD will counter with a financing offer. Is it reasonable to ask for both. Or should I dismiss the financing offer to maximize the discount? Or does that not matter to the AD? Any advice on strategy?

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[Chewbacca]

. Be honest with the AD. Simply ask what's best for them as long as you get your 25pct or whatever.

You'd be surprised at how many Ad's give better deals to finance customers. And you simply pay out the balance after 90 days. Or let it ride for 60 months.

[ronricks]

Not sure about strategy but most AD’s will not give a discount with the financing option. It is usually either/or but not both.

[Swiss Mad!]

You can only ask.
You never know, you may be surprised by their answer!
Is the finance a 0% deal?

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[DLRIDES]

Originally Posted by Saturninus

I do not need the financing, but it would be a nice-to-have. (Joint bank account, optics, "u spent how much on what???" factor from the SO, etc.")

According to your words, the reason for considering financing is to “hide” the purchase amount

Maybe the AD discount isn’t the issue ? Let us know how that works out for you.

IMO

[mountainjogger]

Originally Posted by DLRIDES

According to your words, the reason for considering financing is to “hide” the purchase amount

Maybe the AD discount isn’t the issue ? Let us know how that works out for you.

IMO

Er, yes. No offense, but maybe having a talk with our significant other might be the first step. And anyways, with Google, there is no way to hide what your watch costs.

[BillA]

Originally Posted by mountainjogger

er, yes. No offense, but maybe having a talk with our significant other might be the first step. And anyways, with google, there is no way to hide what your watch costs.

+1

[Coop13]

Originally Posted by DLRIDES

According to your words, the reason for considering financing is to “hide” the purchase amount

Maybe the AD discount isn’t the issue ? Let us know how that works out for you.

IMO

Why the “let us know how that works out for you comment”. What exactly do you expect she might do?

[Jerodp716]

Personally I would never finance a watch.

[1William]

Figure the numbers yourself. The Rolex cost 62% of retail and the no interest money will typically cost the AD 1-3% percent of the balance annually. Depending on the watch and the AD you should be able to get 20% off and the no interest financing with a significant down payment and short terms, 1-2 years. Go for it.

[watchwatcher]

Originally Posted by Saturninus

I'm thinking a 20-25% discount off list is a reasonable target to shoot for, ya? I expect that the AD will counter with a financing offer. Is it reasonable to ask for both. Or should I dismiss the financing offer to maximize the discount? Or does that not matter to the AD? Any advice on strategy?

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Take a look at David SW's web site. He has several nice PM Daytona's right now for decent money...and he's using something called Affirm which allows you to make monthly payments. If you're looking at softening the blow.

[prozac51]

Even if it's a 0% deal there are other clauses such as admin fees (usually a % of the price) and less or no discount. And there are penalties for early settlement. Read the fine print.

The best of course would be a discount, paid with credit card and enjoy the points it brings to your credit card and any other loyalty card you may have or sign up for. I'd did this at a duty free AD and the savings+rewards were quite handsome.

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[drmizzou]

Most ADs that offer financing aren’t usually doing in house financing and likely outsource that to someone like synchrony bank that then offers you a year without financing. If that’s the case, the AD then gets paid right away by the financing bank and if so then definitely negotiate on the purchase price. Good luck! I have myself recently been toying with the idea of getting a PM Daytona as I’m tired of waiting fo SS and won’t pay the respective premium of the secondary market.

[train-time]

You can ask for both a discount and interest free financing, but someone has to pay the finance company the regular rate and it's normally the AD that will have to fund the buy-down on the rate. I would doubt you can get both. Perhaps some combination may be a good compromise.

[JR16]

Which PM Daytona? I don’t think there is any way you are getting 20% off a WG ceramic Daytona, for example.


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[Etschell]

Originally Posted by Saturninus

I've been circling a PM Daytona like a shark for several months, and I'm getting close to pouncing. Last time I visited an AD, he mentioned some great financing offer.

I do not need the financing, but it would be a nice-to-have. (Joint bank account, optics, "u spent how much on what???" factor from the SO, etc.")

I'm thinking a 20-25% discount off list is a reasonable target to shoot for, ya? I expect that the AD will counter with a financing offer. Is it reasonable to ask for both. Or should I dismiss the financing offer to maximize the discount? Or does that not matter to the AD? Any advice on strategy?

Sent from my Pixel 2 XL using Tapatalk

davidsw offers all that.

[topfuel25]

Is it possible to get even 10% off a pm ceramic Daytona ?

[AK797]

I'd go for as big a discount as possible and leave the financing, esp if you don't need it, rather use it for bargaining. These days 20% is even hard to get, before you could get 10% more.

[AK797]

Originally Posted by topfuel25

Is it possible to get even 10% off a pm ceramic Daytona ?

Very tough, but think this is bracelet.

[Wesley Crusher]

Originally Posted by Etschell

davidsw offers all that.

David does financing?

[Etschell]

Originally Posted by topfuel25

Is it possible to get even 10% off a pm ceramic Daytona ?

yg yes. takuya has one bnib for 25k msrp is 27.5k

wg no.

[Etschell]

Originally Posted by Wesley Crusher

David does financing?

yes with affirm. there is interest associated.

any watch shows the option on his website.

[Wesley Crusher]

Originally Posted by Etschell

yes with affirm. there is interest associated.

any watch shows the option on his website.

It doesn’t look like this is an option with some of the more expensive watches. I am looking at a Tudor and see the Affirm option, but don’t see the option when looking at a gold Sub.

[Fleetlord]

Ok.

0% financing costs the AD $$ to offer it.

Say it's 0% for 24months. That might cost the AD 12% of the sale.

So that is why discounts are normally not given at the same time as financing...that is not always the case, but it more often than not it's either / or.

The best option for you is to negotiate a HARD CASH price for the watch you want, go to the AD, slap down the CASH and get the watch you want.

[Etschell]

Originally Posted by Wesley Crusher

It doesn’t look like this is an option with some of the more expensive watches. I am looking at a Tudor and see the Affirm option, but don’t see the option when looking at a gold Sub.

id contact david. cant speak for him. he has sky dwellers with it.

https://davidsw.com/product/rolex-32...el-basel-2017/

[WatchinMD]

Just get the biggest discount possible. Don't mess with finance offers

[MesaSean]

IMO I would not finance. I thought about it with some other pieces, but I just hate having more monthly payments than I have already.

[mvera339]

I was wandering around at my local AD (which I have purchased from him before) trying on different pieces. He gave me a deal I think was great. Which I don’t finance but this time I said why not. I took Home an 116518LN. I think msrp is around 29,750. He left it at $26,500 and gave me 0% for 12 months.

All you can do is ask. Every AD is different. I got him in a good day I guess. He was giving me the story of all oysterlfex watches being sold at a strict msrp. I guess I got lucky when he knew I was serious. GL

[Saturninus]

Thanks for all the advice. I'm going after the 116509. Seems to me that this is not one of those watches that people are waiting in line for, so I'm hoping to be able to get to 20% off MSRP.

It makes sense to me that the financing offer would cost the AD, so I'll likely set that aside in the end and push for the discount.

As for explaining the hole in the checking account to the SO, yes that will be by far the more difficult negotiation!!!